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Ask HN: Important nonobvious startup/business lessons you've learned?

272 点作者 loh大约 3 年前
Running a business is hard. Startups are even harder. A lot of it comes down to not actually knowing what you&#x27;re doing wrong.<p>What are some important observations and lessons you&#x27;ve learned working at startups and running businesses that were not immediately obvious (both technical and non-technical)? Did you learn the hard way?

85 条评论

armc将近 3 年前
Here&#x27;s 30 years of experience for you:<p>1. Few business problems can&#x27;t be solved by more sales.<p>2. Cut expenses when the storm is approaching, not when you&#x27;re soaking wet.<p>3. You can&#x27;t eat assets or inventory. Don&#x27;t get emotional about what you own, only about your cash balances.<p>4. Banks are your friend only when you don&#x27;t need them. Corollary: One bank for borrowing, one for cash balance accounts.<p>5. 70 completed calls per week. Not emails, calls. You can do it, start now.<p>6. Don&#x27;t be an asshole: <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;The_No_Asshole_Rule" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;The_No_Asshole_Rule</a><p>7. Hire and retain &quot;T-shaped&quot; people. In difficult times those employees execute across multiple domains.<p>8. Client, vendor or employee drama is quicksand. You assist with a stick or a rope, you don&#x27;t jump in with them.<p>9. Don&#x27;t romanticize work &amp; try to avoid romance getting in the way of work.<p>10. You&#x27;re only as happy as your unhappiest child. Prioritize good parenting over work. Good parenting = SOS: Self awareness, objectivity, selflessness.<p>11. Get a prenup. No, really, do get one.<p>12. Pay yourself according to a financial model that prioritizes healthy business cash balances, and not your personal desires.
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TamDenholm将近 3 年前
Apply your technical skills to a non-technical business. Dont start a tech startup in a tech hub. Run a business completely unrelated to tech and use your skills to improve that business, theres SO much low hanging fruit out there.<p>The venn diagram of tech skills and a non-tech business is where the opportunities are. This applies to many other unrelated skills.
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gumby将近 3 年前
These are more enterprisy:<p>If you sell through a channel, that channel is your customer, not the end user. They have needs and actually those needs (not desires, needs) are more important than the end users&#x27; -- if your channel doesn&#x27;t sell the product it doesn&#x27;t matter how much you&#x27;ve worked to add that end-user feature.<p>Have the entire exec team go on a sales call once a quarter (not all together on the same call!). They don&#x27;t have to say anything in the call (in fact it&#x27;s much better they don&#x27;t). I remember a CFO I told to go on a sales call telling me it was the first time in his career he had been in front of a customer, and that he really had had no idea what the customer thought about what we did. It makes the team far more effective.<p>Don&#x27;t allow inter-departmental sniping. We all know it: sales guys won&#x27;t sell the product and always want stupid one-off features; engineering is lazy and won&#x27;t write what the customers actually want; marketing is just lying all the time. Instead make sure everybody understands that without sales folks, no paycheck. Without engineers, the sales folks have nothing to sell. Without marketing, who will know that they need our product, and how can we prioritize which features to build? That mild-mannered A&#x2F;R clerk is the <i>real</i> difference between paycheck and no paycheck.<p>Don&#x27;t do free pilots for enterprise. There&#x27;s always someone interested in new products and technologies. If they can&#x27;t put some skin in the game they aren&#x27;t serious. Ideally cover your costs, but in any case make sure the number is larger than the person you&#x27;re talking to is automatically authorized to spend (this means they&#x27;ll need to get some buy in, PO, contract etc). They don&#x27;t have to give it all to you up front, they just need some commitment and desire to do business if the pilot works. And they have to give you some payment up front, a meaningful amount.<p>Don&#x27;t have one customer be all of your revenue (ideally don&#x27;t have one customer be more than 20% of revenue). Edit: note that Google has this problem: 80+% of revenue is advertising, and Google is a large part of the overall advertising market. They have been trying, and failing, to fix this for more than a decade. This is a case where you want to be able to say &quot;we aren&#x27;t google&quot;.<p>Don&#x27;t go in too high in the organization. If your first call is to the CEO and you convince them to try your product, it will be handed off to someone who likely only cares because the CEO said so, and would be quite happy to screw around a little and then tell the boss &quot;yeah, we looked into it but it didn&#x27;t work out&quot;. Follow the standard enterprise sales playbook and go in at the right level and find your &quot;coach&quot;: the person who is committed to getting your product into the company because it will make <i>their</i> life better (perhaps promotion, but at least better execution).<p>This is for when you are bigger: If you work with another company, and your company meets with their CEO, your CEO should go to that meeting. Until you&#x27;re Apple-sized, always treat your partners and customers as peers. If not, why are you working with them at all?
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XCSme将近 3 年前
- The cheaper you price your product, the cheaper customers you attract. I get a lot more support tickets for customers that paid $45 than those that paid $1500. Discounts often lead to the same issues.<p>- Your competition is not better. Even if your competitor has 1000 employees, that doesn&#x27;t make them better, they more likely work a lot slower and less efficient than a smaller company. Also, a big company is more likely to ruin a perfectly good product trying too hard to squeeze profits.<p>- If a customer wants a refund, just accept it, even if they try to scam you. Often times, the trouble of trying to convince a customer not to leave is not worth it. Also, if the customer feels trapped, they are unlikely to buy from you in the future.
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nickfromseattle将近 3 年前
- The decreasing barrier to ship products means sales &amp; marketing is what differentiates successful products versus products with 0 users.<p>- After building a high growth &#x2F; high churn product, I am OK sacrificing decreased growth for a significantly decreased churn rate. Great product with high churn is a hard business to build, even when customers love the product.<p>- One of the highest leverage decisions you&#x27;ll make is deciding what to build. You can achieve a 1x, 10x, or 100x outcome with the same blood, sweat, and tears depending on what market you decide to build in.<p>- Choose something that aligns with your strengths. A good idea for me, might be a terrible idea for you if it doesn&#x27;t leverage your specific knowledge (Naval calls this product &#x2F; market &#x2F; founder fit).<p>- Product is really freaking hard and relying on external contractors sucks, give someone technical a significant % of your company to own product development.<p>- Google Search &amp; YouTube are likely one of your most important acquisition channels, because these are the only two platforms that consistently surface old content. Chances are, G can distribute your content better than you can yourself via email &#x2F; social &#x2F; copromotions, etc.<p>- High performers are cool, but high performers that document what they know so junior level team members can execute at the same level, or better is even cooler. Document everything you expect to hold someone accountable to doing in a specific way.<p>- Email recaps let me skip 10-15 meetings per week. I get the agenda, notes, and decisions that were made, and can jump in (but usually don&#x27;t) at my leisure without sitting through the meeting.
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onion2k将近 3 年前
Maybe this is actually obvious, but it&#x27;s still a common mistake in startups so I&#x27;ll say it - you don&#x27;t have to believe your product is good to start selling; you just have to be better than not having the product. You don&#x27;t even have to believe it&#x27;s the best, or believe it&#x27;s complete, or even <i>like it</i>. People will <i>happily</i> give you money for anything that makes their pain point slightly less painful.
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fxtentacle将近 3 年前
1. Verify that co-founders are emotionally committed to stay. For my first startup, I lost half the founding team when things started getting stressful. Needless to say, that made things even more stressful.<p>2. Don&#x27;t trust big companies to take you seriously. I&#x27;ve been burned by &quot;lets use market leader XY&quot; and then later &quot;why won&#x27;t market leader XY return our calls&quot; and then &quot;we&#x27;re offline due to market leader XY not responding to support ticket AB&quot; more often than I can remember.<p>3. Never commit to support stuff outside of your control. That means you don&#x27;t guarantee uptime ever unless you have your own datacenter and your own admin team. Otherwise, always scope contracts to say &quot;we will be online 99% of the time that cloud X is error-free&quot;.<p>4. If stuff goes to shit and it&#x27;s not your fault, announce that loudly to your customers. Otherwise, they will blame you simply because you&#x27;re the messenger bringing them the bad news. People just love to shoot the messenger (metaphorically).<p>5. When you need money, banks will ignore you. When you have too much of it, you get flooded with additional offers for cheap credit. Plan accordingly, so you need to borrow long before you start the project and borrow enough to get you over the cash flow shortage. If you wait until you actually need the money, terms will be horrible.<p>6. People are suckers for social proof. &quot;Nobody ever got fired for buying IBM&quot;. Make sure you have your top customers featured on your website and update that list regularly. Go to conferences so that you can invite your top customers for dinner and people will talk about it.<p>7. Some people start drinking when stuff gets tough. And some people change their character 180 degrees when they are drunk. Not sure how to defend against that, though.<p>EDIT: 8. Research the market in advance. I once had a product that people loved, but my customers going bankrupt produced serious churn for us, reduced customer LTV, etc. Building stuff in that market was lots of work for little benefit.
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a_c将近 3 年前
You don&#x27;t know what you don&#x27;t know. Iteration is king.<p>Experience can&#x27;t be shared to team member. I don&#x27;t mean that experience can&#x27;t be documented and read. But that readers don&#x27;t have visceral feeling upon reading. It goes both way.<p>First, team members with limited experience don&#x27;t internalized why certain things is done certain way. They &quot;know&quot; it through indoctrination. It could be cultural or technical. This leads to reinventing wheel or people sharing some random blog article and following advice blindly. You want to exploit your experience.<p>Second, it is hard for yourself to identify blindspots. Trust and delegate is easier said than done. You want to explore unknown hence expand the island of experience.<p>Have a mental model on where you and your teammates are on the relative experience spectrum and switch between explore and exploit is important. Fast iteration&#x2F;feedback cycles help you identify that relative position on the spectrum.
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scandox将近 3 年前
Kind of well known but I think bears endless repetition.<p>There will come a time when someone in a very large organization will take an interest in your product. You&#x27;re going to feel very validated because now you can tell friends, family, investors, potential customers that X is using&#x2F;piloting your product. They may or may not give you money, but it will certainly be less than your time is worth. They will definitely take a very long time to make any kind of decisive move. It is very likely that they will destroy your focus and never actually become a real customer. The longer you engage with them, the more you will want to make something come out of it and the worse the impact will be.
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bemmu将近 3 年前
Success on platforms that have a recommendation system (YouTube, Roblox, Google etc.) is nonlinear.<p>Because results are ranked by some metrics, if you make your thing 10% better (watch time, play time, CTR etc.), it will not only reap the direct benefits of being that much better, but the indirect benefits of now outranking others whenever the situation arises where it can get recommended vs. others (recommended videos, games, search results).<p>So it can make sense to put in more time into making something just a little better than would seem intuitively reasonable. MrBeast and Tim Urban of WaitButWhy both talked about this in their podcast interviews.
domenicrosati将近 3 年前
In 10+ years of startup experience on the science and engineering side.<p>Sales fixes everything and is the hardest thing.<p>If sales can execute then there is no problem. It seems obvious but it&#x27;s really not and people make the business about the mission and product - that stuff is secondary seriously secondary.<p>As a founder and early employee - you need to know if you can execute on sales or not and make it clear to both yourself and your coworkers.<p>Sales isnt something you can learn to do my biggest lesson is i cant do it no matter how hard I tried. If your employees &#x2F; boss &#x2F; cofounder are not closing sales you seriously need to get someone who can as your companies top priority.<p>Closing means money in the bank and nothing else. Paper is meaningless.<p>A contradictory learning is the best startups I&#x27;ve been at are ones where folks are ideologically fanatical with mission.
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bajsejohannes将近 3 年前
When starting a greenfield project, the programming language will affect the culture quite a bit. At such a project, I chose C# because it&#x27;s a reasonably good language and easy to hire for. What I found was that there&#x27;s a culture of writing—in my opinion—overly abstract code. Our coding challenge could be solved easily in 50 lines of code, but most candidates would submit huge projects with dependency injection, type reflection, class hierarchies, etc. It was hard to create a culture of simplicity.<p>Now, this is highly subjective, but I think the general lesson applies: Programming language choice is important for culture.
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pilom将近 3 年前
Charge more. Charge more. Charge more. Every problem you have gets easier if you charge more. Every metric you track will improve if you charge more (including customer satisfaction).<p>Charging more: 1) gets rid of most toxic customers. 2) increases customer LTV which allows you to spend more on acquisition or get more money for the same marketing cost. 3) helps you pay employees more which makes it easier to hire. 4) helps you pay yourself better which makes it easier to meet your non work needs. 5) can position you better in the market as many people see &quot;more expensive=better&quot; even if it isn&#x27;t true.<p>More businesses fail for not charging enough than charging too much, so you should charge more despite the imposter syndrome in your head.
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thyrox将近 3 年前
Mine is a bit meta, but don&#x27;t take advice from random people about creating million dollar businesses. Always check the profile of the person giving the advice first.<p>Same applies for people teaching about SEO and marketing. It&#x27;s very important to check who is giving the advice as a lot of advice seems to make sense in theory but doesn&#x27;t translate that well practically.
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ssrs将近 3 年前
- Sell! Even if you dont have a product, you need to sell. &#x27;Build &#x27;em and they will come&#x27; : I&#x27;ve never seen this happen.<p>- Always be hiring. Every person you meet, always be fitting them into a hiring pipeline.<p>- You have to be 360-degree. You may focus on areas that are core competencies but you cannot &#x27;divorce&#x27; yourself from areas you have no idea about. You need to upgrade and have meaningful discussions with folks you put in positions of responsibility.<p>- Dont wait for the perfect person to show up! Start with whoever you get, often folks you did not think much of will surprise you.<p>- Be clear about redlines and communicate them clearly. If people violate red lines, let all hell break loose. Else be nice and chill.<p>- No one shows up to work and says &#x27;ok let me do the worst possible job today&#x27;. every one does the best he&#x2F;she can in their personal contexts. if it is not enough, communicate clearly. help where can.<p>- Be transparent with your team. Be fair to them. These are still valued.
traceroute66将近 3 年前
Employees &#x2F; Contractors &#x2F; Customers &#x2F; Suppliers are <i>NOT</i> your friends.<p>I&#x27;m not saying you need to become the &quot;boss from hell&quot;, but you should always maintain that arms-length relationship.<p>It is inevitable that one day they will let you down or they will withhold information from you or any other number of things. If you did not maintain the arms-length relationship with them, then you will take it personally and it will be painful.<p>There is truth in the old saying, don&#x27;t mix work &amp; pleasure.
anyfactor将近 3 年前
I haven’t seen success at all. That&#x27;s because people is super hard. Selling to people and managing people.<p>Selling is super hard. Ideas are worthless if you can&#x27;t sell. My thesis is that make sure you have the connections to make the initial sells and you have the personality trait to ask for referral and grow from the initial sales.<p>If you haven’t figured out a way to guaranteed sales yet, don’t hope for a miracle with marketing. When you start investing in marketing you will find yourself convincing yourself you are investing in the goodwill which might generate sales down the line which is a lie*.<p>I think many people take on investors hoping that will lead to sales leads or an &quot;in&quot; in the industry. Sometimes that backfires because the investors will setup metrics, KPI and goals which is often based on sales itself!<p>Don&#x27;t build something that the world needs, build something that you can sell!
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bwb将近 3 年前
23 years exp...<p>My #1: Get really good at user testing so that you minimize risk every step of the way. I can&#x27;t say this enough as it has totally changed how I approach startups, new features, and core assumptions (and weirdly my personal life).<p>My #2: If you have co-founders, make weekly rituals to ensure you stay in sync over everything else. When you get out of sync, bad things happen. This can also be applied to investors, board members, spouses, etc etc etc...<p>My #3: If you are making a bet write it out in detail about what the bet is, what the assumptions are, and then write in detail why you are doing each piece and examine it from multiple POVs. Writing that down over a period of weeks ensures a good thought process most of the time. Write it out as if you are giving a presentation. This has helped me in so many ways.<p>Those are the big ones that have been huge with startup&#x2F;business&#x2F;life.
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polote将近 3 年前
If you are in B2B Enterprise, just having a quarterly meeting with your customers vs having none can be the difference between a success and a failure for this customer.<p>All business are different, there is not one road to success, there are as many as successful companies. As a result non-contextual business advice is usually useless.<p>In B2B Enterprise also. Most companies fails not because they don&#x27;t have a good product, but because they don&#x27;t sell well enough
cynusx将近 3 年前
- don&#x27;t ignore critique but instead aim to understand it; the person providing it is taking a social risk to give it to you.<p>- there is no substitute for solid user research (no competitor research, sales, marketing, ...); you need to understand the clients journey before you can start to think about how to add value<p>- the emotional journey of your client is the only thing that matters<p>- get rid of everybody who doesn&#x27;t understand that; you want the organization to value making your (potential) clients happy and look beyond the numbers.<p>- your cash cycle will dominate your life, don&#x27;t start a business without understanding rough CAC and earnback times.<p>- competition is not just companies that do similar things to you; it&#x27;s every possible alternative way to solve the clients&#x27; problem. Make sure you actually have an advantage.<p>- seniority is the ability to deal with uncertainty; some people are senior just by their attitude alone and teach themselves how to succeed. Others will always ask for more definition and are terrified of admitting they don&#x27;t know something.<p>- only senior people add value to startups; you can bring in more junior people when you are a scale-up and there is a lot of clearly defined work to do.
sulam将近 3 年前
Here’s one that is counterintuitive. As you start to scale yourself, hire first for the things you know&#x2F;do best. You will only be able to identify what good looks like if you understand the job. It will be tempting to keep doing those things yourself, because you want to feel competent. Startups are all about allowing yourself to be incompetent, but overcoming it.
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lbriner将近 3 年前
You need to think about how to manage expectations and ability of employees, particularly if they are the only person who does that job. You might take someone on who says they will do something and they don&#x27;t, or they don&#x27;t very well. How will you deal with that?<p>What is a fair way of measuring someone&#x27;s effectiveness. It is easy to try and be kind but if you e.g. have a salesperson who is not selling, they need to go.<p>It is tempting to think you can&#x27;t afford great people early on but plenty of businesses prove that great people sometimes put belief in the product or an interesting job&#x2F;challenge or potential equity above a base salary.
cosmodisk将近 3 年前
1) You almost certainly can charge more<p>2) No matter what business relationships you have with other companies, but they will always save them first<p>3) Being known for paying on time can do wonders when the going gets tough.<p>4) Get rid of toxic assholes asap no matter how valuable<p>5) You aren&#x27;t aware of the tech that exists and can help your business, do seeks for advise<p>6) Better service is only possible when the entire company believes in it<p>7) Don&#x27;t mix confident with competent<p>8) Not all things should be automated<p>9) Buy things you need not want
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tuhins将近 3 年前
No-one cares if you fail and in the absence of unethical behavior, your identity and your company&#x27;s identity are distinct. As a founder you think the world has its gaze on you and inflict enormous amounts of pressure on yourself. If things aren&#x27;t going well, it&#x27;s completely fine. If it&#x27;s time to kill it, even better. Fail fast, fail often, and take care of yourself so you can run it again.
ryannevius将近 3 年前
The number of people saying with strong conviction that they will pay for your product&#x2F;service doesn&#x27;t necessarily correlate to the number of people who will actually pay for it, and can be different by orders of magnitude.
webmaven大约 3 年前
Local business culture is <i>extremely</i> difficult to change. In most cases you might as well be banging your head against a wall. You&#x27;re usually better off trying to gather a small group of folks and forming a subculture.
m12k将近 3 年前
Customer acquisition funnels are multiplicative (E.g. Ad -&gt; Landing page -&gt; Signup -&gt; Trial -&gt; Actual product usage -&gt; Purchase). Double any factor along the way, and the final output doubles. But it also means that if any factor along the way is 0, you get nothing out in the end. That can be incredibly demotivating when you&#x27;re first starting out, because you don&#x27;t get any payoff (or money to pay yourself or employees with) until you&#x27;ve made every factor non-zero. It also means that as long as any factor is zero, attempting to optimize any factors downstream from that is basically done in the blind (i.e. improving the product when you still don&#x27;t have anyone even getting to your landing page).
cubes将近 3 年前
1. The job of an employee at a for-profit company is to create business value. This is often lost on engineers and other technically focused startup employees. Working on a project that you consider interesting or of technical merit is a waste of time if it&#x27;s not creating business value.<p>The wrinkle here is that it&#x27;s not always obvious what projects will create business value. Unfortunately, if you&#x27;re not in an organization with deep pockets and a long time horizon for projects to succeed, it&#x27;s almost always a better business decision to work on projects that have a direct link to creating business value.<p>2. Using a technology because [insert large successful company or startup here] uses it well at scale is almost always the wrong decision for a startup. What works for Google, Meta, Uber, etc. will likely not work for your startup until you reach a certain critical level of scale.<p>3. Headcount is vanity metric. If a company is proud that they have a large team, you should probably run. Employees cost money and employee salaries count toward OPEX vs. CAPEX. What matters is revenue per employee, but many startups are pre-revenue.<p>4. Scaling your organization or technical stack before you have product market fit is a waste of time. Silicon Valley history is littered with dead startups you&#x27;ve never heard of that burned through their runway building over-engineered systems designed to scale to meet the demand of users that never came. The same is true of startups that built out massive sales departments before they had a product that people wanted to buy.
u2077将近 3 年前
1. Know when to listen to criticism<p>2. Know when to ignore criticism<p>3. Communicate directly to your users (Your users know what they want more than you do, it’s easy to control the project based on <i>your</i> preferences, but it’s not always the best idea.)<p>4. <i>Stay organized</i> Having emails, files, spreadsheets, financials, etc with a solid organizational structure will save you later.<p>5. Keep backups.
Stronico将近 3 年前
1. Care about technical matters and show that you care about technical matters - if you&#x27;re selling something technical it&#x27;s good to have complicated opinions on technical matters<p>2. Someone who is difficult in good times will be a monster in bad times<p>3. Repeating the words of other&#x27;s back to them is eerily effective<p>4. Every client is in the middle of some sort of political drama, you will be some minor part of that drama - this is normal and not that meaningful
xisthesqrtof9将近 3 年前
My 2 cents.<p>Research before you build anything. If there’s no need for it, don’t build it.<p>Choose your business partners wisely. Don’t fall into the trap of working with smart assholes, if someone is an asshole - no matter how smart. The asshole-ness will take over no matter what. (That’s just one side of it, many other things to watch for).<p>Build trust, it takes time and effort to get this one right.<p>Put your name on your work. One of pg’s essays also mentions how putting your name on your work let’s society reward you. I’ve seen it happen in front of my eyes. The product with a UI that looks bootstrapped together is like magic for your customers. No matter how basic or “ugly” your think your product might be, stand beside it like it’s your first born.
cik将近 3 年前
Technology isn&#x27;t the business. Technology enables the business.
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reubenswartz将近 3 年前
Don&#x27;t define your target market as &quot;we just need to get 1% of this $100B market&quot;. Define your market as &quot;for this $XM sub-niche of a sub-niche, we are the 800 pound gorilla that is the obvious choice.&quot;<p>You can always expand your target market over time, but start where you are strong.<p>Everyone understands this in theory, but it&#x27;s hard to do in practice, because I think we have evolutionary aversion to &quot;scarcity&quot;. So instead of thinking of it as &quot;small vs large&quot; market (when the small market is plenty to start with), think of it as &quot;easy vs hard&quot; sales and marketing. If sales and marketing is hard, shrink your market.
brightball将近 3 年前
Hardest lesson: Ship it means flip the on switch.<p>Yes, shipping faster means you get feedback faster. But shipping faster also means you begin customer support faster. The moment customer support happens is the moment that your development focus shifts from deliverables to bug squashing, making tweaks and balancing priorities. The moment that the system has live data is also the moment that you have to make sure any changes to the system can smoothly adapt the data that&#x27;s already in the system.<p>The moment you ship, all of your development is going to slow down from the side effects of shipping. Slogans don&#x27;t have nuance.
savrajsingh将近 3 年前
It&#x27;s super easy to fall into the trap of working on things that don&#x27;t matter. Most startups are busy toiling on features&#x2F;partnerships&#x2F;etc that don&#x27;t actually impact their growth or move the needle in a significant way.<p>Ultra-successful startups are actually caught by some wave or catch the market at the right moment -- the business takes off and the team is trying to catch up to it.<p>It&#x27;s possible to create that momentum, but you need to really understand your customers&#x2F;market so you can make sure you&#x27;re focusing on the right things.
rozenmd将近 3 年前
I&#x27;ve been running a software business before work for over a year now, wrote up recently what I learned over my first year: <a href="https:&#x2F;&#x2F;onlineornot.com&#x2F;what-learned-running-saas-for-year" rel="nofollow">https:&#x2F;&#x2F;onlineornot.com&#x2F;what-learned-running-saas-for-year</a>
silvestrov将近 3 年前
The &quot;No&quot;s are more important than the &quot;Yes&quot;es.<p>Focus is about saying &quot;no&quot; to everything else. You don&#x27;t get focus by saying &quot;yes&quot; to the thing you want to focus on.
itronitron将近 3 年前
90% of business deals that both parties say they are excited about making happen will not actually happen
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c16将近 3 年前
As an employee learn to manage expectations. You can push back projects with deadlines if you manage expectations early enough. Fail that and you&#x27;ll have pissed off stakeholders.<p>Trying to convince managers to do something won&#x27;t always work. Presenting them with a growing problem and a solution will help convince them.<p>You might think your product is bad, but there are likely people making more money than you with worse products. Start selling early.
kristiandupont将近 3 年前
One thing that is now obvious to me but which I had to learn: pricing needs to not only be reasonable and competitive, it also shouldn&#x27;t be too surprising.<p>I read and bought into Basecamps reasoning about no-by-the-seat-pricing(1) and tried it for Submotion. Now, it&#x27;s always hard to know why people <i>don&#x27;t</i> try your product out, but two people kindly hinted to me that they were confused by the price and thought that it meant that they didn&#x27;t really understand what they were getting.<p>Obviously, as with any advice, this applies in specific situations only but it&#x27;s now something that I keep in mind, not only in pricing: remove any unnecessary source of confusion, even if it&#x27;s clever. Not unlike code :-)<p>(1) (<a href="https:&#x2F;&#x2F;m.signalvnoise.com&#x2F;why-we-never-sold-basecamp-by-the-seat&#x2F;" rel="nofollow">https:&#x2F;&#x2F;m.signalvnoise.com&#x2F;why-we-never-sold-basecamp-by-the...</a>)
netaustin将近 3 年前
Beware the potential for death spirals, and the bigger you get the harder they are to see. Early on, this is easy; last long enough to get to a profit. Later, if you have several products and you&#x27;re allocating overhead among them, you could be tempted to cut the one with the worst margin. Then the overhead gets reallocated to the other products and pushes a second line underwater.<p>If your output requires direct labor, it IS possible to sell your way into a death spiral because labor is short-run inelastic.<p>Know your experience curve and know where you and your competitors are on it. If the curve has flattened and you&#x27;re not the winner, find a new curve.
g0gzs将近 3 年前
If you&#x27;re operating in a grayish legal area, start worrying about laws once you&#x27;re so big that your government worries about you. If I did my last startup now, I&#x27;d spend all the money I spent on lawyers, on marketing. By the time we had on paper that our business is operating within the law, we were down a big chunk of money that we later desperately needed to gain traction. If you fail, no one will care to sue you anyway (specially not your government). But if you make it, you&#x27;ll have money for lawyers and money to eventually make it more legally acceptable.
eVoLInTHRo将近 3 年前
Be honest and humble. The business won&#x27;t work as you expect. Keep an open mind and adapt. Ego will prevent this from happening, don&#x27;t let it.<p>Be crystal clear why your business needs to exist. Not why you think it should exist. Deeply understand the customer pain points, business domain, competitors, and find your niche. Sales and product development get easier with this.<p>Deeply understand your cash flows months in advance. Identify warning signals sooner rather than later. Things won&#x27;t magically get better, act now.<p>Stay organized, stay focused.
berkeshire将近 3 年前
- Product Market Fit - find that before continuing to perfect the product. - Market size and especially addressable market size. We learnt it the hard way with children&#x27;s apps. - Tech is a tool. Unless you are doing groundbreaking research, dont be in awe of the tools (tech), nor let it go crazy expensive. - One needs a deep reserve of patience and strength, you will get challenged in all dimensions. - Sometimes you can do everything right, and still fail.
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uuyi将近 3 年前
Know when to shitcan a bad idea rather than death march your company into oblivion by not concentrating on the core business and customers to deliver the bad idea.
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SMAAART将近 3 年前
Learn practical &quot;Game Theory&quot;, everything we do is a Game, whether within the company, or between the company and the outside world.<p>Above and beyond the above, also read &quot;Finite and Infinite Games&quot;, the ultimate goal is to continue to play Games, and win the majority of them; if you play to win all Games, you will win all the &quot;battles&quot; (Games) but lose the vast majority of &quot;Wars&quot; (Meta-Games).
lizknope将近 3 年前
I&#x27;ve worked as a normal employee at 2 startups and both failed. Some people invested their own money for different classes of stock.<p>Before going to a startup I would tell everyone to read this post about liquidation preferences and cap tables.<p>Why didn&#x27;t I get any money from my startup?<p><a href="https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;startups&#x2F;comments&#x2F;a8f6xz&#x2F;why_didnt_i_get_any_money_from_my_startup_a_guide&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;startups&#x2F;comments&#x2F;a8f6xz&#x2F;why_didnt_...</a><p>Who invests money? What about the second round of investors? A lot of people think that the people who were their the longest should have priority but it is the exact opposite. The people who invest last get the best deal on a return on their investment.<p>Ask these questions to the founder &#x2F; owners of the company. If they don&#x27;t answer your questions directly take that as a sign that they won&#x27;t be truthful and straightforward when you are an employee.
mpfundstein将近 3 年前
Never ever ever ever ever ever sign a deal that you do NOT FULLY (!!) UNDERSTAND.<p>Including second and third degree implications as far as this is possible.
andreisbc将近 3 年前
As a dev i&#x27;ve always known my hunch when it comes to compromises. Never let the business team ruin your experience building cool rock-solid code. I&#x27;d rather resign than to compromise anymore. I know there should be a sweet spot between &quot;perfect&quot; and &quot;working&quot;. Even a junior can pull-off a &quot;working&quot; app. But when it starts to scale, all those hasty bad decisions will bite your ass. Never skip planning, plan as long as you need. Nowadays i start coding only after i have 100% visibility into what i&#x27;m building: diagrams, dependency graph, schemas, types and data structures, documentation, user flows, everything. As the say goes: if i have 24h to chop a tree, i&#x27;d sharpen my axe 23h. And we haven&#x27;t yet taken into account infrastructure, devops, ci&#x2F;cd, security, releases, logging, and all sorts of tooling. I need around 2 months just for initial planning, setting everything up and laying out the codebase structure.
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dnndev将近 3 年前
You may have supporters but at the end of the day the buck stops with you. If you are not in a position to deal with emotional roller coasters just wait on a startup.<p>Clients rely on you and you need to be a solid rock.<p>Eventually you will make enough money to spread out the work with employees. Until then your on call in every sense.
ehnto将近 3 年前
When signing up for marketing&#x2F;SaaS specialized blog&#x2F;aggregator article submissions, don&#x27;t use an email address you want to keep using, because you will end up on thousands of marketing lists.<p>Also, just don&#x27;t do that anyway. It was a total waste of time, focus on legitimate grass roots sales activities. I thought I might as well give it a go, as they said they&#x27;d get the app on ProductHunt and so on. I was skeptical of that, but no harm if it doesn&#x27;t work. It didn&#x27;t work and it was a generally scummy experience, and some of the submissions they made on my behalf were very embarrassing for me. Wrong place, wrong tone, wrong words, that kind of thing.
meerita将近 3 年前
I&#x27;ve learned that creating a solution for a X problem doesn&#x27;t really scale as I though. I focus more now on creating a neccessity more than trying to solve problems for people.<p>If those needs solve one or several problems, great, but my main focus is to create products that people need, or once they use it they adopt it because it became a neccessity. For those interested I extended my rationale here <a href="http:&#x2F;&#x2F;minid.net&#x2F;2019&#x2F;07&#x2F;30&#x2F;on-building-products-for-necessities-instead-for-solving-a-problem&#x2F;" rel="nofollow">http:&#x2F;&#x2F;minid.net&#x2F;2019&#x2F;07&#x2F;30&#x2F;on-building-products-for-necessi...</a>
samrolken将近 3 年前
Sometimes, you&#x27;ll be faced with a situation where it seems like you have to decide if you should trust someone. A situation where you have to evaluate someone&#x27;s honesty and whether they will follow through with their commitments they make to you.<p>Either you&#x27;re dealing with someone honest, or not. Seems simple, right?<p>But, there is a third option. Sometimes someone will earnestly and honestly make a commitment, but then later on they will not see themselves as being obligated to follow through, or they will rationalize some reason they don&#x27;t need to meet their commitments they&#x27;ve previously made.
iambateman将近 3 年前
Be careful mixing friendship with business. I have worked on a lot of different projects with friends which ended the friendship.<p>At first, it feels natural to loop in people who are both trusted and technically skilled. Plus, talented people tend to enjoy being friends with one another.<p>It will feel serendipitous when - one day - you need an experienced React engineer and your roommate happens to love React.<p>If you care about being friends in 5 years, your optimal path is to ask your friend “who else do you know that may be interested in this role” and not “want to work on this with me?”
shantnutiwari将近 3 年前
What I found after a few failed businesses:<p>1. Just because others are making money, doesnt mean you will<p>2. People like, and show a a very small part of their success. &quot;Oh I just worked 70 hours, helped the community, they gave back to me&quot;. Not mentioned will be their friends who secretly helped promote them, their rich daddy who bankrolled them while they worked on the &quot;startup&quot;, or the dodgy things they did to get sales.<p>3. Its hard whatever field you choose, so make sure you choose something you love, else you will quit at the 1st sign of trouble.
TruthWillHurt将近 3 年前
Don&#x27;t &quot;play house&quot; -<p>Many founders start applying methodologies and hiring for roles they know from other companies, even though they&#x27;re not at a scale that justifies it.
worker_person将近 3 年前
Eat your own dog food.<p>New hires don&#x27;t know how the system work. Don&#x27;t know the day to day operation or use cases. Never assume they&#x27;ll just pick it up.<p>Have periodic exercises where people use the app from start to finish. Have people take on other roles periodically.<p>I see a lot of brilliant engineers build amazing things that don&#x27;t help the company. Get them invested in the day to day usage of the product so they know when to push back on pointless ideas.
lr4444lr将近 3 年前
Timing is really important. A good startup sees where things are heading or pivoting. There is nothing that can fix bad timing of an industry or market short of complete transformation of what you&#x27;re doing.<p>Invest in your employees&#x27; job satisfaction. Keep growing them, and make them want to stay. There is really very little value that doesn&#x27;t stem from seasoned human capital.
adamqureshi将近 3 年前
Always be talking to your customers.<p>Always be selling.<p>Surviving is succeeding. Make more money than you spend.<p>read this : <a href="https:&#x2F;&#x2F;basecamp.com&#x2F;shapeup" rel="nofollow">https:&#x2F;&#x2F;basecamp.com&#x2F;shapeup</a><p>Find a LEGIT accountant. Expense everything.<p>FIND health insurance ( if it means getting a part timer for health insurance)<p>hire 1099s<p>there will always be bugs.<p>Set up an alert to be notified if your site go&#x27;s down.<p>Workout daily. Go outside walk. whatever find something MOVE your body.<p>Good lucky.
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stumblers将近 3 年前
The partners you work with can make or break the best idea; don&#x27;t let your enthusiasm cloud a colder view of the people you&#x27;ll be making important commitments with. I&#x27;ve read that it&#x27;s like a marriage, and I thought that was an exaggeration but it isn&#x27;t...don&#x27;t be paranoid, just be careful.
Oras将近 3 年前
From a software engineer&#x27;s perspective:<p>*I don&#x27;t know how to sell.*<p>Well, have you been to a job interview and got the job? That was a closed deal. You understood the problem, you showed them why you not someone else and you got hired. That is selling.<p>I had to do it to understand it.<p>*If your solution will change the user workflow or behaviour, good luck*<p>I learned this the hard way.
notakio将近 3 年前
Know when to walk away. Be aware of the signs you should, and heed them. When the people you respect are all leaving, there is likely a solid reason to do so, yourself.<p>And when you&#x27;re leaving, if the company suddenly feels compelled to grant you more stock options, or increase your salary, keep walking away.
dnndev将近 3 年前
Don’t get a salesperson day one unless they are a partner or you have a boat load of cash to keep them happy- you get what you pay for.<p>It is 100x better to have one or more clients with a need for your product. This means don’t dream up something first and build it. First find the client then build the thing.
jerrygoyal将近 3 年前
A mantra that actually helps to ship: &quot;good enough&quot; is better than perfection.
chrisrickard将近 3 年前
Boring businesses are the best.
yesimahuman将近 3 年前
PMF matters more than anything, and scaling up or raising lots of money before you truly have it is one of the worst things you can do. I’m now hyper aware of this but it’s so easy to delude yourself in the early days
TruthWillHurt将近 3 年前
Get paying customers, then start a business. not the other way around.
jsdevtom将近 3 年前
Market before you build.
FL33TW00D将近 3 年前
Super easy to get lost in implementation. Make sure you take a daily&#x2F;weekly&#x2F;whatever review of what you&#x27;re actually shipping, and if it fits the use case.
Markstar将近 3 年前
You can&#x27;t please everyone.<p>Whether it is implemented features or design choices (e.g. product logo, etc.), the more people you ask, the more differing opinions you will receive.
gboone将近 3 年前
1) The challenges of one business can lead to opportunities for an additional (and different) business.<p>2) Diversifying business is nice, but diversifying businesses is nicer.
marban将近 3 年前
Have an unfair and protectable lever from the get-go.
Vanderson将近 3 年前
From a family business started by my great grandfather, been running for over 100 years.<p>Things I learned from my dad and grand parents.<p>1. Being decent to people will cover all kinds of other problems.<p>2. A great reputation for doing good work is probably the best sales tool to have.<p>3. You can pay your people well if you charge premium rates. (and do premium or higher quality work)<p>4. If you pay your people well you just have a generally happier work force.<p>5. If you trust your people you don&#x27;t have to micro-manage them.<p>6. Giving trust to people can be hard sometimes when things don&#x27;t go well. (but you need to keep doing it anyways, even when you get taken advantage of from time to time)<p>7. Hiring mature and decent people fixes a lot of problems in advance.<p>8. Having a happy work environment is more important than efficiency.<p>9. The higher up you are, the first you are to take a pay cut, provides respect, stability and confidence in the rest of the company.<p>10. Don&#x27;t beat up your vendors on price, and when things get rough, they will take care of you.<p>There is a lot more.<p>Me personally:<p>1. Being technically minded I had to learn to just hang out and talk with people. This was hard because I felt it was inefficient, but the long term, knowing people personally helped when there was difficult technical issues to solve while working with them.<p>2. Don&#x27;t make changes to other peoples lives without consulting them first or at least giving them notice (if they don&#x27;t have a choice). Changes to software, their computer, their job role, etc... Too many horror stories about this kind of thing really frustrating people. Thankfully, I avoided many of these issues by learning from others before making these kinds of mistakes to often.<p>3. It can take time to really understand a customer or a business. It&#x27;s just hard to be patient as a technically minded person to sit and understand why something is done when it seems to be done so poorly.<p>4. Everything doesn&#x27;t have to be fixed. I thoroughly enjoy fixing and improving things, but sometimes it&#x27;s just fine to let something be clunky. Why? Because sometimes that clunky thing will stay working under every possible difficult circumstance, and an efficient issue requires calling me when it breaks...<p>5. Stand down. I&#x27;ve had to give up on very important issues because it would have had too much impact on other people. I wanted to fix product ids because they were based on a 1980s limitation, but the fight to win this change would cause too much turmoil, so I let it go, and I am glad I did, because I never really had to use these product ids myself anyways, and my concerns were theoretical.<p>6. Patience on change. I&#x27;ve found that when I see something I want to improve (from sales processes to manufacturing to IT related items) that if I bring up the issue to those involved, offer some ideas, and then leave it alone. When everyone now knows there is a solution waiting in the background, they start to notice the issues more keenly (instead of the frog in the pot) and then when they&#x27;ve had enough, they will be motivated for change instead of me pushing people towards it.
timrichpt将近 3 年前
Non-technical CEOs can probably add the most value by focusing the majority of their energy on building a strong culture.
gkoberger将近 3 年前
Never put your personal phone number on any business documents ever. You’ll regret it forever.
igtztorrero将近 3 年前
Keep your customers, listening them, they know better what your app or service need !
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m00dy将近 3 年前
Charge your customer from day 1
wiredfool将近 3 年前
Companies that can&#x27;t invoice promptly and correctly are in trouble.
throwaway98797将近 3 年前
don’t listen to anyone
perlgeek将近 3 年前
Customers will pay late. Some never pay. Plan for that.
douge1将近 3 年前
Sales cures all.
p33p将近 3 年前
GAAP is crap. Cash is king.
catwell将近 3 年前
1. Make sure your business model doesn&#x27;t mean growth will kill you.<p>@armc&#x27;s first point &quot;Few business problems can&#x27;t be solved by more sales.&quot; is important, but here is a case where it doesn&#x27;t work (on the contrary).<p>I once (indirectly) worked for a startup whose business model was basically to rent expensive hardware to its customers. It was considered a rising star, but here&#x27;s the problem: it had exponential growth. That meant exponential capital needed to buy hardware.<p>It was considered a rising start, most of its metrics were incredible. Given unlimited access to liquidity it would have easily IPOd by now. But there is no such thing, so it crashed and burned.<p>(The product still exists but they took measures to address that problem, and the growth is hardly what it once was.)<p>2. Money doesn&#x27;t exist until it&#x27;s on your bank account.<p>Another startup I worked for (you might guess which one) raised a round with a new fund as the lead. For various reasons that fund couldn&#x27;t give us the money for <i>a whole year</i> and that locked the other funds as well.<p>That startup was selling hardware. With no money in the bank we couldn&#x27;t pay the factory or shipping. We had endless pre-order lists. When the money finally arrived, we had had a whole year with basically no sales, and that ended up being fatal.<p>3. Some customers aren&#x27;t rational and that&#x27;s fine.<p>At a startup I worked for some time ago, a customer bought an expensive yearly license for our product and never even used it once. At the end of the year, they came back... and renewed the license. I think we actually asked them if they were sure, and they said yes. They didn&#x27;t use the product for yet another year.<p>4. Only found a company if you understand the field.<p>That one is from my experience as a founder. I was the technical co-founder of the company but I had no previous experience or knowledge of that specific market. I thought that was fine because I had a great co-founder who did and very serious partners, so I could learn as I went.<p>As it turns out we realized quickly that all our initial market study had important flaws an our assumptions didn&#x27;t hold. We then went into a mode where we tried to figure out if we could turn the company around or maybe pivot, and that was a very frustrating time for me because I felt powerless, not having the necessary knowledge to help like I would have wanted to do.<p>Thankfully I had enough experience with other businesses to look at the metrics and figure out a few key things. Eventually we shut the company down and it was the right decision, but I will never again start a company in a field I don&#x27;t know well.<p>5. Everyone on support.<p>I have done support one way or another at every single company I worked for. At the company I currently work for everyone works L1 support in rotation and I strongly believe it is a good thing. It will ensure everyone talks to customers and is aware of their pain points.
readtolive将近 3 年前
1. If the idea &#x2F; product is any good, it&#x27;ll probably catch on quickly and sales will be easy.<p>2. Expect your startup&#x2F;business&#x2F;product to morph into something else, and that you&#x27;ll change names and domain names, maybe multiple times.<p>3. You need an origin story, especially if you want any press. It also helps to be good looking.
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WaxedChewbacca大约 3 年前
Don&#x27;t try to raise funds. Don&#x27;t consider it a win to get funding from some investor. Find some way to make money from the beginning without introducing some adversarial entity into your system that turns the CEO from your friend into the agent of investors. It is cool to run the equivalent of a lemonade stand. If you can do that, keep making it a little bigger and better. Make money the old-fashioned way -- don&#x27;t hope to be acquired.<p>* This message pre-censored by HN in order to preserve curiosity.